The Economic Effects of New EPA Rules on the State of New Mexico

The EPA has introduced three new emission rules that will either force coal-fired generation plants to close or adopt expensive and unproven technologies such as carbon capture and storage. These rules will cost the New Mexico economy $185 million between implementation and 2030, according to data provided by the Beacon Hill Institute at Suffolk University. The rules’ effects on reducing the supply of inexpensive electricity production will increase electricity prices by 18%, cost 5,170 jobs, and reduce real disposable income by $578 million, according to the report.

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